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Tesla signs lithium supply agreement with China-based company 

Teslarati

According to local media outlets , the agreement states Tesla will purchase lithium carbonate products from Yahua from 2025 to 2027. The United States has labeled China, Russia, North Korea, Iran, and other countries as nations of concern. Tesla specifically signed a deal with Yahua Lithium Co., a subsidiary of Yahua Group.

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Good News and Bad News: Changes to the Federal EV Tax Credit in 2024

EV Life

On the one hand, the (up to) $7,500 tax credit is now available right away at the point of sale, eliminating the wait time and allowing drivers to apply their savings directly to the purchase of their vehicle at the dealership—which is great for consumers. In fact, it’s what EV Life has been doing for our customers for years.

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What happened to the Tesla Cybertruck & Model 3’s IRA tax credit eligibility? 

Teslarati

China, Russia, and North Korea are on the list of FEOC nations. The Cybertruck AWD is only slightly under the MSRP qualification with a purchase price of $79,990. However, it is likely to do the IRS’s recent rules regarding foreign entities of concern (FEOC). The Cybertruck launched late last year in the US market.

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Automakers handed a win with updated EV tax credit guidance in the U.S.

Teslarati

These countries include North Korea, China, Russia and Iran. and efforts to build more secure and resilient supply chains we believe GM is well positioned to maintain the consumer purchase incentive for many of our EVs in 2024 and beyond,” the automaker said following the release of the updated guidance.

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Which 2024 EVs qualify for the $7,500 EV tax credit?

Baua Electric

1, any vehicles with key battery components sourced from a “foreign entity of concern”—China, Russia, Iran, or North Korea— will be disqualified in 2024 , as will corporate subsidies if a “parent entity” from one of those countries directly holds more of 50% of the automaker’s interest. Starting Jan.

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How New Eligibility Criteria for the Electric Vehicle Tax Credit Affects You

Blink Charging

Opting for an electric vehicle and leveraging the EV tax credit to help with your next electric vehicle purchase is a smart move. Simply put, this means if a manufacturer is mostly based in countries such as North Korea, China, Russia, or Iran, they won’t qualify for the tax credit.

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How the Huawei Fight is Changing the Face of 5G

Cars That Think

In subsequent decades, the company was accused of stealing Western intellectual property , supplying sensitive telecoms equipment to North Korea and Iran , and expanding its global market share by undercutting Western telecom equipment prices by as much as a third.

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